Echelon (ELON) Reports Q1 Loss of $0.27
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Echelon Reports First Quarter 2016 Results
May 5, 2016 4:11 PM EDTSANTA CLARA, Calif.--(BUSINESS WIRE)-- Echelon Corporation (NASDAQ: ELON) today announced financial results for the first quarter ended March 31, 2016.
During the first quarter we continued our multi-quarter pivot towards the dynamic intelligent lighting systems market and are starting to see some positive signs of customer traction with our multi-vendor, multi-application connect anything anywhere platform, said Ron Sege, Chairman and CEO of Echelon. While revenue this quarter was at the low end of our guidance, we have the lowest cost structure we have seen in years, a significantly retooled salesforce and an accelerating pace of... More
